MOLSON COORS BEVERAGE CO 8-K

What Happened
Molson Coors Beverage Company (TAP) filed an 8-K on February 18, 2026 announcing its financial results for the fourth quarter and fiscal year ended December 31, 2025 via a news release (Exhibit 99.1). The company also disclosed it will present at the 2026 CAGNY Conference on February 18, 2026 and attached the presentation materials (Exhibit 99.2). Most materially, the Board approved an immediate $2.0 billion increase to the existing Class B common stock repurchase program, bringing the total authorized buyback to up to $4.0 billion and extending the program through December 31, 2031.

Key Details

• News release dated February 18, 2026 reports Q4 and FY2025 financial results (Exhibit 99.1).
• Presentation materials for the CAGNY conference filed as Exhibit 99.2 (Feb 18, 2026).
• Board increased Class B common stock repurchase authorization by $2.0 billion to an aggregate $4.0 billion, effective immediately.
• Approximately $2.6 billion remained available for repurchase under the program as of December 31, 2025; the Board extended the program’s expiration to Dec 31, 2031.
• Repurchases remain at the Company’s discretion and may be executed in the open market, structured or private transactions, subject to market conditions and debt agreement restrictions.

Why It Matters
The filing confirms Molson Coors’ latest quarterly and annual results and signals a stronger capital-return emphasis through a sizable buyback authorization increase. For investors, the expanded $4.0 billion repurchase capacity and extended timeline may support share price stability and potential per-share earnings improvement if the company executes repurchases, but actual buybacks will depend on liquidity, market conditions and covenant limits. The CAGNY presentation may provide additional management commentary and detail on strategy and outlook.